Stensen

Stensen Updated 

Looking at the recent COT report it becomes clear that over the past weeks Yen net shorts have been cut by more than half and are now at a high level that have acted as roof the past 12 months. Yen longs have been added at a higher rate while GBPJPY did it's climb towards the 168.5x level. This time the reduced Yen shorts have been done at critical level. GBPJPY...

Stensen

Even though I'm actually short since friday i more and more believe that price wants october highs before any retracement. It could even breach the highs, grab liquidity and then retrace. The lack of selling on thursday after initial testing 156,09 makes me more catious and put strength towards bullish momentum will continue at the same slow rate as before the...

Stensen

One year ago we were in the same situation, we broke out and down. Are EURUSD better prepaired on this break in regards to the break in june? Ultimately i think we will visit the lower 1.06xx very soon

Stensen Updated 

As we broke below the trendline from june, the floor below has open up. Momentum has gained power and I suspect that we could see a swift trip down into lower levels. The break and following test of the trendline was also a weak retracement (only 38,2% retracement from the 1.1203 previous high) indicating that we have a strong bear in the works. Also ending friday...

Stensen

So in regards to my weekend idea i finally got an entry short late tuesday at 1.1374 after S1 had been touched and DP tested. But got my fingers smacked the day yesterday as it hit R1 and closed out in a loss at 1.1417. I dont see the long play so i only focus on shorts, today we finally hit S1 again, so now i wait for the DP test or the break of S1 to enter back in short.

Stensen

So friday gave us NFP and as usual we got the pump and dump action before. But in my view we actually got faked out already on thursday in preparation for a much better NFP, but that did not happen and bears got caught. Anyway, we did get a positive dollar reaction even though dollar got hit badly friday a bad EUR did not make it worse. On the hourly we did get...

Stensen

We have now been in consolidation for over a year and no one knows for how long we will be here, only when we break up above 1.170x handle that i dont even count as being there, does anyone else? pure FOMC momentum that could not be sustained. BUT it is there.. I'm more looking at the top cluster up to 1.147x that act as a hard resistance. And i doubt we will...

Stensen

Will try to put my thinking in public from now on.. At the moment i'm looking at EURUSD. Fundiewise nobody knows what will happen, and even depending on what will happen nobody knows how it will affect price, so sticking to TA makes is much more simple. Everyone seems to be seeing bull and looking for 1.2000, but looking at monthly does not show a strong bull...